Kraft Buys Cadbury! Jan 19th

United Kingdom-based Cadbury, the world’s second biggest confectionery company with huge operations in India, on Tuesday agreed to being taken over by Kraft Foods after agreeing to an improved offer from the US food giant.

The improved takeover offer is worth $18.9 billion.

Earlier, Cadbury had consistently rejected the takeover bid made by America’s Kraft Foods Inc. However, Kraft, was hopeful that the share-and-cash offer for Cadbury would go through, and it has.

Cadbury top bosses to step down
The three men at the top of Cadbury have all announced their resignations following Kraft Foods’ takeover of the chocolate maker.